As of Wednesday close, Overstock.com Inc.’s (NASDAQ:OSTK) stock was up $0.32, moving up 1.82 percent to $17.92. The average number of shares traded per day over the past five days has been 1,092,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.80 fall in that time frame. In the last twenty days, the average volume was 1,198,935, while in the previous 50 days, it was 1,360,560.
Since last month, OSTK stock retreated -1.27%. Shares of the company fell to $17.18 on 05/24/23, the lowest level in the past month. A 52-week high of $35.20 was reached on 02/02/23 after having rallying from a 52-week low of $17.05. Since the beginning of this year, OSTK’s stock price has dropped by -7.44% or -$1.44, and marked a new high 10 times. However, the stock has declined by -49.09% since its 52-week high.
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OSTK stock investors should be aware that Overstock.com Inc. (OSTK) stock had its last reported insider trading activity 73 days ago on Mar 13. Nickle Eric Glen, the CHIEF LEGAL OFFICER of the company, disposed of 2,000 shares for $17.19 on Mar 13. It resulted in a $34,380 divestment by the insider. Corbus Barclay F sold 2,334 shares at an average price of $21.15 on Feb 21. The insider now owns 50,273 shares following the transaction. On Feb 06, Director Corbus Barclay F sold 700 shares at $23.24 apiece. The transaction was valued at $16,268.
Valuation Metrics
The stock’s beta is 3.38. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.26.
Financial Health
In the three months ended March 30, Overstock.com Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.05, and the total debt-to-equity ratio was 0.06. On the profitability front, the trailing twelve-month gross margin is 23.00% percent. Based on annual data, OSTK earned $443.34 million in gross profit and brought in $1.93 billion in revenue.
In Overstock.com Inc.’s quarter-end financial report for March 30, it reported total debt of $34.21 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. OSTK’s revenue fell -40.64% to $404.9 million during the quarter, while net income inched up to $381.14 million. While analysts expected Overstock.com Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated -$2.38 million in EBITDA. The liabilities of Overstock.com Inc. were 246.88 million at the end of its most recent quarter ended March 30, and its total debt was $43.97 million. The value of shareholders’ equity is $45.2 million.
Technical Picture
This quick technical analysis looks at Overstock.com Inc.’s (OSTK) price momentum. With a historical volatility rate of 49.99%, the RSI 9-day stood at 37.44% on 24 May.
With respect to its five-day moving average, the current Overstock.com Inc. price is down by -4.27% percent or -$0.80. At present, OSTK shares trade -0.83% below its 20-day simple moving average and -7.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.84% above its SMA50 and -43.86% below its SMA200.
Stochastic coefficient K was 7.57% and Stochastic coefficient D was 5.52%, while ATR was 0.91. Given the Stochastic reading of 18.50% for the 14-day period, the RSI (14) reading has been calculated as 40.85%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -1.33.
With a median target price of $20.75, the current consensus forecast for the stock is $19.00 – $92.00. Based on these forecasts, analysts predict Overstock.com Inc. (OSTK) will achieve an average price target of $32.92.